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TIM lines up audacious Open Fiber bid to combat Sky

A chorus of fiber network chatter has been emanating out of the Italian market in recent weeks, all involving incumbent MNO TIM (Telecom Italia Mobile). The latest progression in TIM’s drive into superspeed broadband involves a potential merger of its own fiber assets with those of wholesale operator Open Fiber – owned by state-controlled energy colossus Enel and state lender CDP. More pressingly, the fiber integration project is perceived as a precursor to TIM instigating a takeover swoop for Open Fiber, which the operator’s advisers have reportedly earmarked cash in the region of €2.2 billion to €2.8 billion, according to local news outlet La Repubblica. Enel currently owns a 50% stake in Open Fiber and in turn took a 9.9%…

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